Bell Company and DRA Advisors Announce Plans to Purchase 25,684 Apartment Units for $1.7 Billion

Greensboro, N.C.-based Steven D. Bell & Company has structured a joint venture with New York-based DRA Advisors to purchase 25,684 apartment units in 86 properties across the U.S. for $1.71 billion. The sale is scheduled to close March 3rd. Under terms of the deal, UDR Inc. will sell the properties to DRA Advisors LLC and…

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Bell Senior Living Hires New Executive Team

Steven D. Bell & Company announced it has hired four new executives to assume management of Bell Senior Living. Joe Mikalajunas joined Bell on Monday as the new President of Bell Senior Living. Joe has over 11 years experience in the senior living business. He previously served as Vice President of Operations for Harbor Retirement…

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Bell Company Ends Year With a $408 Million Flurry of Transactions

Greensboro, N.C.-based Steven D. Bell & Company completed 14 real estate transactions in the last 50 days of 2007, including nine acquisitions and five sales, totaling approximately $408 million in value. The flurry of activity included three property sales in the North Carolina Triad area and two portfolio purchases in late December, including properties in…

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Bell Purchases Seven Apartment Properties for More Than $96 Million

Greensboro-headquartered Steven D. Bell & Company has purchased seven apartment properties in three Southeastern states valued at $96,100,000. Six of the multi-family communities, totaling 1,456 units, were purchased from Berwind of Philadelphia, an investment management company. Valued in total at $81,200,000, three of these properties are located in Metro Atlanta, two in Huntsville, Ala. and…

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Bell Names New Senior Vice President of Multifamily Division

GREENSBORO, N.C.- Steven D. Bell & Company is pleased to announce that Erin Ditto will join the firm in late October as Senior Vice President of the company's Multifamily Division. Ditto is currently Senior Vice President of Operations at United Dominion Realty Trust. About Bell Partners Inc. Established in 1976, Bell Partners Inc. (“Bell Partners”…

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Bell Executes Apartment Portfolio Sale of $677 Million

Steven D. Bell & Company has sold 29 apartment properties in four Southeastern states and Texas worth approximately $677 million, making these sales the largest collective transaction in the 31-year history of the company. The transactions include two separate portfolio sales. The first portfolio included the recent disposition of two properties in Atlanta, GA and…

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Bell Closes on Two Apartment Properties Valued at More Than $26 Million

GREENSBORO, N.C.- Steven D. Bell & Company recently purchased apartment communities in Arkansas and North Carolina, including The Beckanna, a landmark property high rise near Crabtree Valley Mall in Raleigh. The Beckanna was acquired for $16.4 million from Beckanna LLC, which recently completed an extensive renovation of the 254-unit complex. Beckanna was built in 1963…

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Bell Sells Two Apartment Communities for More Than $51 Million

GREENSBORO, N.C.- Steven D. Bell & Company recently completed the sale of two apartment properties located in Chapel Hill and Metro Atlanta for a combined price of approximately $51 million. Notting Hill in Chapel Hill was sold to Crow Holdings for approximately $25.3 million. The 200-unit apartment community was constructed in a joint venture with…

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